December 10, 2012

Cover Story

CEO of the Year

Utah’s business landscape is rich with professionals who have le...Read More

Featured Articles

Did you go Skiing this winter?

Around Utah


Martin Plaehn

Karen Sendelback

Legal Briefs
Social Media and Employers: Friends or Enemies?

Money Talk
The Case for HSAs

Economic Insight
Time to Show Up

Lessons Learned
Make a Move

In the Lab

Rent to Own

Business Trends
Back from the Dead

Living Well
Artful Inspiration

A Breath of Fresh Air

Worst-Case Scenario

Regional Report
Northern Utah

Measure Up

Industry Outlook
Travel & Tourism



Boeing Adds Major High-Tech Manufacturing Jobs

Press Release

December 10, 2012

The Governor’s Office of Economic Development (GOED) announced that it will work with The Boeing Company over the coming years to expand the number of high-tech manufacturing jobs located in its Utah operations.

“Utah’s manufacturing industry is growing, and the expansion of Boeing will bring us even higher,” Gov. Gary R. Herbert said. “I look forward to the growth this expansion will bring to Utah’s infrastructure and economy."

GOED will enter into a 20-year incentive agreement with Boeing. The main goal of the agreement, which may have incremental adjustments during its life, is to increase composite manufacturing in the State. Currently, Boeing manufactures 787-8 and -9 vertical fin in Utah, and in March announced they would assemble the 787-9 horizontal stabilizer.

The first phase of employment will include the addition of 104 new highly incented positions that will pay at least 125 percent of Salt Lake County’s average yearly wage including benefits over the life of the agreement. Wages paid out over the life of the incentive will exceed $146 million. Over the lifetime of the agreement, Boeing will pay more than $5.5 million in new state taxes.

Along with Boeing’s growing work in process, the addition of 104 new positions will help the company support airplane production rate increases. The Department of Workforce Services (DWS) and the Industrial Assistance Fund (IAF) will be matching Boeing training funds up to $225,000 for specialty training. In addition to this training DWS will be providing up to $100,000 in inaugural “WorkKeys” funding in Utah. “WorkKeys” is a national program that allows the company to have greater accuracy in determining the skill set of potential new employees. These programs working in tandem should allow the company to increase the proficiency of its incoming workforce.

Boeing is the largest manufacturer of commercial and military aircrafts and leads the world in aerospace technology. It is also one of NASA’s largest service providers and is in charge of operating the Space Shuttle and International Space Station. Boeing has operations in roughly 70 countries and customers in nearly 150 countries worldwide.

“Boeing’s reputation for innovation and leadership has in part helped Utah gain a reputation as one of the leading states for business,” GOED executive director Spencer Eccles said. “We look forward to seeing what this new project will bring.”

“EDCUtah is thrilled to see the continued expansion of Boeing in Utah.” said Jeff Edwards, president and CEO of Economic Development Corporation of Utah. “Boeing’s impact on the aerospace industry in Utah is significant to the success of this important economic cluster in the State.” 

The GOED Board of Directors has approved a $1,376,254 Economic Development Tax Increment Financing (EDTIF) post-performance refundable tax credit, or 25 percent of Boeing’s new state revenues over the incentive’s 20 year lifetime.

Utah Business Social
UB Events View All
PR Spring ConferenceUtah Business Event
May 7, 2015
Join your Utah colleagues from Utah Business, PRSA & IABC for this important, 1-day event that in...
30 Women to WatchUtah Business Event
May 21, 2015
Utah Business Magazine along with Snell & Wilmer are proud to announce the 18th annual 30 Women T...
CXO of the Year 2015 - NOMINATIONS NOW OPEN!Utah Business Event
Jun 25, 2015
NOMINATIONS NOW OPEN_______DEADLINE TO ENTER: April 28, 2015 Nomination Forms Utah Busin...
Community Events View All
Mar 30, 2015
LEAD is a way to hit the Re-Start Button: a two-day leadership conference featuring 22 hand-selec...
Introduction to Human Resource Management 5-day Certificate Program
Mar 31, 2015
Brand new for 2015! Our newly redesigned Introduction to Human Resource Management Certificate P...  |  90 South 400 West, Ste 650 Salt Lake City, Utah 84101   |  (801) 568-0114

Advertise with Utah Business

Submit an Event

* indicates required information
* Event Name:
Price (general):
Website (if applicable):
Coordinator's Name:
Coordinator's Email:
Coordinator's Phone:
Venue Name:
Venue Address:
Venue City:
Venue Zip:
Event Capacity:
* Event Description: